SPS Commerce Inc
NASDAQ:SPSC

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SPS Commerce Inc Logo
SPS Commerce Inc
NASDAQ:SPSC
Watchlist
Price: 139.27 USD -1.06%
Market Cap: 5.3B USD
Section:
Relative Value
Relative Value
Valuation Multiples
Multiples Across Competitors
See Also

Relative Value

The Relative Value of one SPSC stock under the Base Case scenario is 178.28 USD. Compared to the current market price of 139.27 USD, SPS Commerce Inc is Undervalued by 22%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

SPSC Relative Value
Base Case
178.28 USD
Undervaluation 22%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

7.9
P/S
P/S
Price to Sales
7.9
vs History
92
vs Industry
15
Median 3Y
11.8
Median 5Y
11.6
Industry
2.4
Forward
6.8
More Details
65.1
P/E
P/E
Price to Earnings
65.1
vs History
92
vs Industry
9
Median 3Y
94.8
Median 5Y
91.7
Industry
22.5
Forward
34.7
More Details
32.4
P/OCF
P/OCF
Price to OCF
32.4
vs History
90
vs Industry
18
Median 3Y
48
Median 5Y
45.2
Industry
17
More Details
37.6
P/FCFE
P/FCFE
Price to FCFE
37.6
vs History
92
vs Industry
18
Median 3Y
57.7
Median 5Y
53.9
Industry
21.4
More Details
5.7
P/B
P/B
Price to Book Value
5.7
vs History
93
vs Industry
19
Median 3Y
9.6
Median 5Y
8.9
Industry
2.9
More Details
7.8
EV/S
EV/S
Enterprise Value to Sales
7.8
vs History
90
vs Industry
15
Median 3Y
11.3
Median 5Y
11
Industry
2.4
Forward
6.7
More Details
11.5
EV/GP
EV/GP
Enterprise Value to Gross Profit
11.5
vs History
90
vs Industry
20
Median 3Y
17.1
Median 5Y
16.4
Industry
4.9
More Details
35.6
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
35.6
vs History
93
vs Industry
13
Median 3Y
53.2
Median 5Y
51
Industry
12.6
Forward
22
More Details
52.3
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
52.3
vs History
92
vs Industry
10
Median 3Y
75.5
Median 5Y
72.9
Industry
16.3
Forward
24.9
More Details
31.8
EV/OCF
EV/OCF
Enterprise Value to OCF
31.8
vs History
82
vs Industry
19
Median 3Y
46.1
Median 5Y
42.7
Industry
15.4
More Details
37
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
37
vs History
88
vs Industry
16
Median 3Y
55.1
Median 5Y
51.3
Industry
18.7
More Details
5.2
EV/IC
EV/IC
Enterprise Value to IC
5.2
vs History
95
vs Industry
17
Median 3Y
11.3
Median 5Y
11.2
Industry
2.4
More Details

Multiples Across Competitors

SPSC Competitors Multiples
SPS Commerce Inc Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
Market Cap P/S P/E EV/EBITDA EV/EBIT
US
SPS Commerce Inc
NASDAQ:SPSC
5.3B USD 7.9 65.1 35.6 52.3
US
Ezenia! Inc
OTC:EZEN
567B USD 233 910.9 -180 630.8 -182 667.2 -177 298
DE
SAP SE
XETRA:SAP
308B EUR 8.8 53.8 29 33.2
US
Palantir Technologies Inc
NYSE:PLTR
309.1B USD 99.2 541.6 697.5 748.7
US
Salesforce Inc
NYSE:CRM
254.6B USD 6.6 41 21.6 31
US
Intuit Inc
NASDAQ:INTU
210.3B USD 11.6 60.6 38.3 45
US
Adobe Inc
NASDAQ:ADBE
180.5B USD 8.2 26.7 20.2 22.4
US
NCR Corp
LSE:0K45
144.8B USD 42.1 157 452.7 3 229.1
US
Applovin Corp
NASDAQ:APP
133B USD 25.9 69.3 48.5 57
US
Microstrategy Inc
NASDAQ:MSTR
98.2B USD 213.9 -18.4 -3 090 -1 599.8
US
Cadence Design Systems Inc
NASDAQ:CDNS
78.4B USD 16.1 72.5 45.9 52.4
P/S Multiple
Revenue Growth P/S to Growth
US
SPS Commerce Inc
NASDAQ:SPSC
Average P/S: 21 304.6
7.9
16%
0.5
US
Ezenia! Inc
OTC:EZEN
233 910.9
N/A N/A
DE
SAP SE
XETRA:SAP
8.8
12%
0.7
US
Palantir Technologies Inc
NYSE:PLTR
99.2
34%
2.9
US
Salesforce Inc
NYSE:CRM
6.6
10%
0.7
US
Intuit Inc
NASDAQ:INTU
11.6
13%
0.9
US
Adobe Inc
NASDAQ:ADBE
8.2
10%
0.8
US
N
NCR Corp
LSE:0K45
42.1
-8%
N/A
US
Applovin Corp
NASDAQ:APP
25.9
24%
1.1
US
Microstrategy Inc
NASDAQ:MSTR
213.9
3%
71.3
US
Cadence Design Systems Inc
NASDAQ:CDNS
16.1
13%
1.2
P/E Multiple
Earnings Growth PEG
US
SPS Commerce Inc
NASDAQ:SPSC
Average P/E: 120.9
65.1
40%
1.6
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -180 630.8 N/A N/A
DE
SAP SE
XETRA:SAP
53.8
50%
1.1
US
Palantir Technologies Inc
NYSE:PLTR
541.6
73%
7.4
US
Salesforce Inc
NYSE:CRM
41
32%
1.3
US
Intuit Inc
NASDAQ:INTU
60.6
34%
1.8
US
Adobe Inc
NASDAQ:ADBE
26.7
26%
1
US
N
NCR Corp
LSE:0K45
157
-47%
N/A
US
Applovin Corp
NASDAQ:APP
69.3
44%
1.6
US
Microstrategy Inc
NASDAQ:MSTR
Negative Multiple: -18.4 N/A N/A
US
Cadence Design Systems Inc
NASDAQ:CDNS
72.5
33%
2.2
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
US
SPS Commerce Inc
NASDAQ:SPSC
Average EV/EBITDA: 154.4
35.6
35%
1
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -182 667.2 N/A N/A
DE
SAP SE
XETRA:SAP
29
19%
1.5
US
Palantir Technologies Inc
NYSE:PLTR
697.5
109%
6.4
US
Salesforce Inc
NYSE:CRM
21.6
23%
0.9
US
Intuit Inc
NASDAQ:INTU
38.3
28%
1.4
US
Adobe Inc
NASDAQ:ADBE
20.2
17%
1.2
US
N
NCR Corp
LSE:0K45
452.7
12%
37.7
US
Applovin Corp
NASDAQ:APP
48.5
42%
1.2
US
Microstrategy Inc
NASDAQ:MSTR
Negative Multiple: -3 090 N/A N/A
US
Cadence Design Systems Inc
NASDAQ:CDNS
45.9
27%
1.7
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
US
SPS Commerce Inc
NASDAQ:SPSC
Average EV/EBIT: 474.6
52.3
47%
1.1
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -177 298 N/A N/A
DE
SAP SE
XETRA:SAP
33.2
21%
1.6
US
Palantir Technologies Inc
NYSE:PLTR
748.7
110%
6.8
US
Salesforce Inc
NYSE:CRM
31
32%
1
US
Intuit Inc
NASDAQ:INTU
45
37%
1.2
US
Adobe Inc
NASDAQ:ADBE
22.4
20%
1.1
US
N
NCR Corp
LSE:0K45
3 229.1
90%
35.9
US
Applovin Corp
NASDAQ:APP
57
45%
1.3
US
Microstrategy Inc
NASDAQ:MSTR
Negative Multiple: -1 599.8 N/A N/A
US
Cadence Design Systems Inc
NASDAQ:CDNS
52.4
28%
1.9

See Also

Summary
SPSC intrinsic value, competitors valuation, and company profile.
DCF Valuation
SPSC stock valuation using Discount Cash Flow valuation method.
Relative Valuation
SPSC stock valuation using valuation multiples.
Wall Street Estimates
SPSC price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
SPSC stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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